Category: EU

Trump becomes the 45th US President November 8th US election After the long awaited US presidential election, America have appointed its 45th US President. Donald Trump succeeded Hillary Clinton in the early hours of last Wednesday morning to what was described as a shock victory by many. Trump’s victory, despite his businessman background, has seen more uncertainty around America’s future. Although the U.S. Federal Reserve is in charge of monetary policy decisions, the Republican President can affect political and economic stability. Just like Brexit, it will take time to see…

This week’s focus turns to Ireland’s Minister for Finance, Michael Noonan as he revealed Budget 2017. Noonan addressed the Dáil with the following introductory statement: The UK’s decision to exit the EU represents a real risk to our economy given the close links and the high level of trade between us. Around 16% of Irish exports go to the UK, but 40% of indigenous company exports go there. In turn, Ireland is the UK’s fifth biggest export market. Over €1.2 Billion of goods and services are exchanged between us on a weekly…

The British Financial Industry could lose up to £38 billion (43 billion euro) in revenue if the UK undergo a so-called “Hard Brexit” restricting access to the European single market. This will result in the UK being subject to both tariffs and non-tariff barriers. A report by Oliver Wyman ordered by the industry lobby group TheCityUK, summaries two different outcomes following a “Hard Brexit”. One outcome would see the UK cut all ties with the single market. If this were to happen, revenue may fall by £20 billion causing a…

British pharmaceutical companies are weathering the turmoil of Brexit that has engrossed every other sector in the stock market. Big players such as AstraZeneca, GlaxoSmithKline, Shire and BTG actually enjoyed a slight rise in their share prices on the EU referendum results day while many of their blue-chip counterparts’ prices plunged.

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